Vipshop (NYSE:VIPS) Shares Gap Up – Here’s Why

Shares of Vipshop Holdings Limited (NYSE:VIPS) gapped up before the market opened on Monday . The stock had previously closed at $13.09, but opened at $13.94. Vipshop shares last traded at $14.52, with a volume of 1,250,474 shares.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup reduced their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays started coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company. Finally, UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Trading Up 11.8 %

The company has a market cap of $7.51 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 1.50 and a beta of 0.31. The company’s 50 day moving average price is $14.60 and its 200 day moving average price is $14.16.

Institutional Investors Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after acquiring an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Vipshop in the third quarter valued at about $56,000. Employees Retirement System of Texas grew its position in shares of Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Vipshop during the 2nd quarter worth approximately $136,000. Finally, Atomi Financial Group Inc. raised its position in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.